Press Digest: Canada - Oct 27
27/10/2017 11:49
Oct 27 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
** A unit of Brookfield Asset Management Inc BAMa.TO has
bought the Sheraton hotel in downtown Toronto from Marriott
International Inc MAR.O in a blockbuster C$335 million ($260
million) deal that is the largest transaction for a single hotel
in Canada. https://tgam.ca/2yXv9xn
** China Communications Construction Co Ltd 601800.SS a
Chinese state-owned firm that is buying Canada's Aecon Group Inc
ARE.TO helped Beijing assert sovereignty over the disputed
South China Sea by building artificial islands there, and was
barred until recently from bidding on World Bank projects
because of an acquisition's "fraudulent practices." https://tgam.ca/2yV15SN
** Shaw Communications Inc SJRb.TO has finally struck a
deal with Apple Inc AAPL.O to sell the iPhone directly to
customers as it looks to capitalize on a "once-in-a-lifetime"
opportunity to expand the reach of its fledgling wireless
business Freedom Mobile. https://tgam.ca/2yWharh
NATIONAL POST
** Lawyers representing Sears Canada employees and retirees
have made a priority claim against the liquidating retailer for
their C$270 million pension deficit and any unpaid special
payments to the plan. http://bit.ly/2yUq1tP
** Canadian oil giant Suncor Energy Inc SU.TO reported
Thursday its strongest results since oil was at $100 a barrel -
a profit of nearly C$1.3 billion in the third quarter - with
help from a war on costs it says is re-positioning its oilsands
as a low cost, low carbon, globally competitive business. http://bit.ly/2yV1QLD
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
Keywords: PRESS DIGEST CANADA/